Updated - Duty on cigarettes will rise by 6% meaning an increase in cigarette prices of between 20 and 30c per packet.
Finance Minister Tonio Fenech said during the Budget speech that prices for other tobacco products will rise by 8%.
Duty on petrol and diesel will rise by 2c per litre with immediate effect.
The duty on cement will rise by €5 per tonne.
Mr Fenech said the €25 million increase in subsidies to Enemalta, given last year, will be retained to keep energy prices stable.